v3.24.3
Condensed Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 170,608 $ 193,238
Short-term investments 12,404 48,011
Prepaid expenses and other current assets 2,503 3,241
Total current assets 185,515 244,490
Property and equipment, net 2,813 2,541
Operating lease right-of-use assets 13,600 4,910
Other assets 2,482 1,709
Total Assets 204,410 253,650
Current liabilities:    
Accounts payable 2,180 4,547
Accrued and other current liabilities 12,765 7,887
Operating lease liabilities, current portion 7,937 3,560
Total current liabilities 22,882 15,994
Operating lease liabilities, net of current portion 7,287 1,458
Total Liabilities 30,169 17,452
Commitments and contingencies (see Notes 5 and 6)
Stockholders’ equity:    
Preferred stock, $0.00001 par value: 10,000,000 shares authorized as of September 30, 2024 and December 31, 2023; no shares issued or outstanding at September 30, 2024 and December 31, 2023 0 0
Voting and non-voting common stock, $0.00001 par value 150,000,000 (143,590,481 voting and 6,409,519 non-voting) shares authorized as of September 30, 2024 and December 31, 2023; 48,850,423 voting shares issued and outstanding as of September 30, 2024 and 47,823,232 (46,378,937 voting and 1,444,295 non-voting shares issued and outstanding as of December 31, 2023) 0 0
Additional paid-in capital 490,755 469,396
Accumulated other comprehensive loss 1 39
Accumulated deficit (316,515) (233,237)
Total stockholders’ equity 174,241 236,198
Total liabilities and stockholders’ equity $ 204,410 $ 253,650

Source